Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Jammalan the Prophet]

It's going to be a tense night in a lot of houses this week. "Honey, you know about that bitcoin investment I made last year? Yeah, that's right, the one I told you that would allow us to retire by 35. Well..."

Bitcoiners don't have girlfriends , let's not even talk about wifes.
Plus , they don't have jobs , so they can't retire.

[roslinpl]

It's raining coin! Hallelujah. It's raining coin.  Ye ye.

Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in.  Rofl.

If the price will drop to $20 I will sell everything and then all in

If the ... bla bla bla.

This is amazing.  Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.

My gf kinda sad cause she both in to hold @$700.

[medialab101]

Finex seems to be the market leader these days with big volume.

[samsonn25]

Weak hands are being shaken. It hurts now but with BTC in stronger hands, the future will be better

That's what was said at 600, 400, 200...... 50?

That's my opinion now because I just can't imagine bitcoin going that low. Because I believe there is some buying pressure building on, buying orders will soon fill. Or maybe that's just what I want to think to feel better? Honestly I don't know ahah but this will affect Bitcoin and could possibly bring change. Change is good, not short term of course, but it will eventually be the catalyst to something better.

Thinking that bitcoin cant go that low is the same thinking as when bitcoin was 2 cents or less    $.02 usd and they cant believe it went to $1100

[samsonn25]

Finex seems to be the market leader these days with big volume.

Because of contracts and leverage.

[ShroomsKit]

It's raining coin! Hallelujah. It's raining coin.  Ye ye.

Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in.  Rofl.

If the price will drop to $20 I will sell everything and then all in

If the ... bla bla bla.

This is amazing.  Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.

My gf kinda sad cause she both in to hold @$700.

Amazing how you people are so convinced that we'll magically go up again once we hit low prices. Where do these delusions come from?

[derpinheimer]

Litecoin:

[samsonn25]

It's raining coin! Hallelujah. It's raining coin.  Ye ye.

Just again not for me
When / if the price will go down to $100 I am selling what will be closest to my hand and all in.  Rofl.

If the price will drop to $20 I will sell everything and then all in

If the ... bla bla bla.

This is amazing.  Haven't seen that kind of price per one lovely Bitcoin from ~ 1.5 year.

My gf kinda sad cause she both in to hold @$700.

If she buy back in at $70 think about it like saving 90%  from original price

[Richy_T]

I never seen any evidence that Cyprus was the reason for Bitcoin to go up even 1 dollar.
And nobody in Greece is stupid enough to put their money in a highly volatile hard to use currency that has been going down for a year.

No? I guess I can agree to disagree on that. Correlation is not causation and all.



And maybe with the Greeks. Though of course, the first thing that will happen is capital controls. Dollars, Pounds and Yen will not be available from the banks.

[BlackMarket]

This is awful.
I feel sick.

Why?
Been waiting months to buy at 100.

My 8000 GBP investment is worth about 2000 GBP now.
I was told BTC was the future.
This is bull shit.

You've been warned by many people here, but you ignored them and labeled them as trolls

maybe because we are too blind with our greedy
buffett warned us long time ago.
http://www.businessinsider.com/warren-buffett-bitcoin-is-a-mirage-2014-3?IR=T

[DanielT]

So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.

No demand for coins beyond the necessary market cap for commerce. Too much supply.

[poncho32]

Litecoin:

$1.14

I'm shocked

[bobboooiie]

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

[inca]

So many butthurt permabulls, LOL. The fundamentals point towards lower equilibrium price.

No demand for coins beyond the necessary market cap for commerce. Too much supply.

Idiot. 99% of the price is speculative not medium of exchange.

[roslinpl]

If she buy back in at $70 think about it like saving 90%  from original price

Indeed. :-)

And for your information when I talked to her on the phone an hour ago she indeed asked me to inform her about any price changes if it drops below $80.

She seems ready

[Richy_T]

Many people have told me that.  But "many" may be a thousand bitcoiners, perhaps, who care for the Core Values; and they may not include any big holders.  The other 99% of the bitcoin community (including the Chinese day-traders, who may still be setting the price) probably don't understad why a change in the protocol would be a bad thing, or don't care.

Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same.  If there were enough new demand, increasing the supply would not prevent the price from increasing, too.

The traders are not really important for this question, only the miners who are already in competition with each other for a bigger slice of the pie.

Increasing the supply would not prevent the price from increasing but it would prevent the price from increasing *as much*.

As a miner, if you allow the pie to grow, you probably just end up with a smaller slice percentage-wise. Unless you're thinking of such smoke-and-mirrors tricks as moving the decimal place to the right.

[samsonn25]

Litecoin:

$1.14

I'm shocked

Me too.

From $48 is like 97% drop

[xyzzy099]

Yes, and that is what I meant: if someone with billions to spare offered to buy 25 million bitcoins, the protocol would be immediately changed to create them, with the full cooperation of miners AND approval of developers.

I disagree. It would damage the reputation and hence value irreparably. But there's no way to prove either way.

Many people have told me that.  But "many" may be a thousand bitcoiners, perhaps, who care for the Core Values; and they may not include any big holders.  The other 99% of the bitcoin community (including the Chinese day-traders, who may still be setting the price) probably don't understad why a change in the protocol would be a bad thing, or don't care.

Note that increasing the supply of bitcoins is bad for the price only if the demand remains the same.  If there were enough new demand, increasing the supply would not prevent the price from increasing, too.

Come on, Jorge.  You have been around here long enough now to have a better understanding of how this works.  AGAIN - that "99% (including Chinese day-traders, blah, blah, blah)" DON'T MATTER - only the MINERS matter in defining the Bitcoin protocol - and the miners DO know that changing the protocol at the whim of of anyone who promised to buy a lot would render the coin valueless.

[TeeBone]

This might not even be the real collapse. I wouldnt be suprised if we touch 120-140, then have a false bull run up to 500-600 before real capitulation.

Almost every credible EW analyst i've seen thinks we're in an ending Wave 4. Meaning, there should be one more spike up before catastrophe...20, 40, 60 ? Who knows how low it can go.

[heartastack]

What I hope the further dip would achive is to Kill these pointeless shitcoins and people would start focusing more on important stuff. That is if BTC itself survives ofcourse

I kinda hoping for the opposite. Let these coins with active developers and not some scammed 'foundation' carry the flag dropped by satoshi and continue paving innovation in this space.